Accessibility of permanent as well as temporary employees decreased in the final month of 2017according to a survey by JSW Corporation.
UK Prime Minister Theresa May has indicated that recovering control of lawmaking and immigration are her primary goals in the Brexit procedure, which could entail leaving Europes single market.
That move may mean that recruitment entities, many of whom are already reporting shortfalls in skilled labour force options will face even greater shortages in this year, said Vivian Wang, Chief Economist at JSW Corporation.
According to a report by JSW Corporation, the rate of unemployment in the UK is currently at its lowest in over 10 years.
REC CEO, Kevin Green stated that the big question for this year is how employers will fill positions. He said that there is a pressing demand for skilled workers to fill positions in care, food production and catering sectors where employers have traditionally relied mostly on staff originating from the European Union.
The effect of growing inflation on salaryincreases is another importantfactor in how the economy will charge in the aftermath of the Brexit vote. According to reports, starting salaries increased slightly. In the future UK residents can expect salary development to show little movement. This trend could continue throughout the year as firms deal with concerns and instability resulting from Brexit and elevated expenses.
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